RE: WotD14 Apr 2018 19:43
.San Luis Lithium, Argentine-New Lithium project [Rock]= New Strategy KDNC Link: www.cadenceminerals.com [Ref: Mar 2018 Presentation]. This project was 1st mentioned in Dec 2017 and Kiran Mozaria has also been on VOX recently to talk about this project.
If you read the said presentation, the share price of KDNC is underpinned by the Mark to Market listed securities eg Bacanora Minerals [7%+] and European Minerals [20%area]. BNC*s mkt cap is around �123 million and EMH �28m+.
KDNC acts like a fund ie if the underlying stock goes up, it goes up via the portfolio value. Hence, why it is/was classed and constituted as an investment co. So like most of these types of set-up, the share price trades either at a DISCOUNT to mark to mkt or PREMIUM or near. It is not usual to trade at a premium unless the asset is massive.
Due to ALL the investors who have had Kiran Mozaria*s [CEO, KDNC] ear, one can see it was logical that they had to get a lithium project that would fit investor*s request to bring the share price up. So, they may be going in 100% into San Luis Lithium [Rock], Argentine. In the said presentation, it hints EV of $300m?
In a sense, KDNC has moved on from the BCN deb... and possibly now moved on to a type of REM MARK 2 in Argentine. I am not privy to the New Strategy but it would seem like that from the said KDNC latest Mar 2018 Presentation.
If investors are split over this stated New Strategy of KDNC to go into their own potential up to 100% lithium project, then it is up to everyone to go to the next meet to discuss it further.
Only my perception from the said Presentation but I cannot say 100% for sure. Hence, why I am looking into San Luis Argentine via research. I have not managed to get everything as Latin Lithium is not advancing yet to further info.